Sunday World (South Africa)

What does financial success mean?

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We are living in interestin­g and yet challengin­g times. These are commonly summarised as Vuca moments which are characteri­sed by volatility, uncertaint­y, complexity and ambiguity.

These Vuca moments are prevalent in politics, economics, climate change as well as investment circles. Such an environmen­t affects confidence, creates risks and increases emotional trauma.

Anyway, this is no time to panic or fret. Let me demonstrat­e that there can be financial success in these

Financial success is unique and differs from one individual to the next. To some, financial success might mean freedom from debt. To others, it might mean full financial independen­ce.

How do you measure your financial shape? It really depends on what your individual goals are. One prudent measure is to determine your net worth.

If you add up the value of all of the property that you own and subtract from it all of your debts, what’s that number?

Ideally, that number should be higher than it was a year ago. If it’s higher, then you are achieving financial

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